Tullahoma USDA Loan Rates, Closing Costs & Stats

Tullahoma-Manchester, TN

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Tullahoma's 24 lenders originated 71 USDA loans during 2023. The total origination value was $17,015,000, with an average USDA loan value of $239,648.

Tullahoma USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Tullahoma averaged 6.77% for the week of 2024-06-14, compared to the national average (all USDA variants) of 6.709% for the same period.

Tullahoma's average USDA mortgage closing costs are $5,278.

The average rate for the prior week (2024-06-07) was 6.47% and one month ago for the week of 2024-05-10, the average rate was 6.85%.

The average rate one year ago was 6.31%.

For refis of the same type during the week of 2024-06-14, the average rate was 6.73%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Tullahoma USDA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Tullahoma level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
First Vision Bank of Tennessee 14 6.28% $8,565
FIRST COMMUNITY MORTGAGE, INC. 9 6.63% $8,927
CMG MORTGAGE, INC. 6 5.96% $8,764
UNITED WHOLESALE MORTGAGE, LLC 4 6.36% $9,894
The First National Bank of Middle Tennessee 4 6.00% $7,037
BROKER SOLUTIONS, INC. 3 5.87% $9,257
FirstBank 3 6.29% $8,590
Citizens Tri-County Bank 3 5.96% $7,189
SeaTrust Mortgage Company 3 6.13% $7,934
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.29% $8,083
ISERVE RESIDENTIAL LENDING, LLC 2 6.00% $8,205
CHURCHILL MORTGAGE CORPORATION 2 6.62% $8,258
Wilson Bank And Trust 1 8.00% $6,276
CARDINAL FINANCIAL 1 5.13% $9,023
CROSSCOUNTRY MORTGAGE, LLC 1 6.19% $10,575
First Horizon Bank 1 5.75% $4,983
GUARANTEED RATE, INC. 1 6.13% $8,522
HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.25% $11,753
MORTGAGE INVESTORS GROUP, INC. 1 6.00% $6,369
MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $7,142
Renasant Bank 1 6.63% $4,992
STOCKTON MORTGAGE CORPORATION 1 7.00% $6,219
SWBC MORTGAGE CORPORATION 1 6.75% $4,613
UNION HOME MORTGAGE CORP. 1 6.13% $3,000

The top Tullahoma USDA lender as defined by loan originations is First Vision Bank of Tennessee, with 14 USDA loans originated. Their average total fees are $8,565, which is $362 lower than the next largest lender, FIRST COMMUNITY MORTGAGE, INC..

The lowest fee Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee ($8,565), .

The lowest rate Tullahoma USDA lenders (with over 10 loans originated) are First Vision Bank of Tennessee (6.28%), .


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $249,950 (16.8%) $370,871 (16.9%) 0.00 342
2018-02-01 $272,450 (32.9%) $385,937 (22.8%) 0.00 331
2018-03-01 $274,750 (29.0%) $384,268 (20.6%) 0.00 336
2018-04-01 $289,925 (31.8%) $384,252 (16.1%) 0.00 332
2018-05-01 $299,900 (11.1%) $396,499 (2.0%) 0.00 334
2018-06-01 $299,900 (13.4%) $396,066 (3.7%) 0.00 359
2018-07-01 $290,725 (2.0%) $394,660 (-0.2%) 0.00 363
2018-08-01 $282,400 (2.7%) $385,054 (-0.1%) 0.00 366
2018-09-01 $269,000 (1.6%) $368,345 (-2.2%) 0.00 373
2018-10-01 $273,500 (2.3%) $372,273 (-2.0%) 0.00 376
2018-11-01 $267,475 (7.1%) $361,724 (-2.8%) 0.00 374
2018-12-01 $256,682 (0.7%) $341,417 (-9.9%) 0.00 368
2019-01-01 $256,900 (2.8%) $339,364 (-8.5%) 0.00 345
2019-02-01 $259,900 (-4.6%) $346,588 (-10.2%) 0.00 347
2019-03-01 $276,329 (0.6%) $365,215 (-5.0%) 0.00 322
2019-04-01 $282,079 (-2.7%) $375,686 (-2.2%) 0.00 302
2019-05-01 $299,950 (0.0%) $388,965 (-1.9%) 0.00 316
2019-06-01 $291,950 (-2.7%) $378,016 (-4.6%) 0.00 334
2019-07-01 $298,450 (2.7%) $398,529 (1.0%) 0.00 341
2019-08-01 $294,109 (4.2%) $396,035 (2.9%) 0.00 344
2019-09-01 $288,423 (7.2%) $396,558 (7.7%) 0.00 357
2019-10-01 $284,250 (3.9%) $396,907 (6.6%) 0.00 364
2019-11-01 $269,500 (0.8%) $391,024 (8.1%) 0.00 348
2019-12-01 $259,900 (1.3%) $368,098 (7.8%) 0.00 343
2020-01-01 $256,900 (0.0%) $366,151 (7.9%) 0.00 317
2020-02-01 $258,750 (-0.4%) $360,313 (4.0%) 0.00 302
2020-03-01 $286,175 (3.6%) $385,580 (5.6%) 0.00 286
2020-04-01 $279,900 (-0.8%) $379,841 (1.1%) 0.00 284
2020-05-01 $306,990 (2.4%) $403,399 (3.7%) 0.00 255
2020-06-01 $319,900 (9.6%) $404,349 (7.0%) 0.00 217
2020-07-01 $316,950 (6.2%) $394,084 (-1.1%) 0.00 201
2020-08-01 $329,900 (12.2%) $402,355 (1.6%) 0.00 178
2020-09-01 $309,475 (7.3%) $407,296 (2.7%) 0.00 151
2020-10-01 $314,500 (10.6%) $415,086 (4.6%) 0.00 149
2020-11-01 $295,000 (9.5%) $424,355 (8.5%) 0.00 140
2020-12-01 $279,900 (7.7%) $403,655 (9.7%) 0.00 139
2021-01-01 $264,900 (3.1%) $382,155 (4.4%) 0.00 135
2021-02-01 $289,900 (12.0%) $398,589 (10.6%) 0.00 119
2021-03-01 $296,925 (3.8%) $414,898 (7.6%) 0.00 107
2021-04-01 $346,225 (23.7%) $492,318 (29.6%) 0.00 100
2021-05-01 $409,900 (33.5%) $478,188 (18.5%) 0.00 117
2021-06-01 $382,425 (19.6%) $515,365 (27.5%) 0.00 119
2021-07-01 $369,400 (16.6%) $497,886 (26.3%) 0.00 148
2021-08-01 $382,450 (15.9%) $505,060 (25.5%) 0.00 171
2021-09-01 $386,950 (25.0%) $511,043 (25.5%) 0.00 186
2021-10-01 $379,450 (20.7%) $552,163 (33.0%) 0.00 174
2021-11-01 $389,450 (32.0%) $570,183 (34.4%) 0.00 178
2021-12-01 $374,900 (33.9%) $568,604 (40.9%) 0.00 159
2022-01-01 $374,900 (41.5%) $560,458 (46.7%) 0.00 135
2022-02-01 $394,625 (36.1%) $570,936 (43.2%) 0.00 132
2022-03-01 $381,675 (28.5%) $583,347 (40.6%) 0.00 147
2022-04-01 $429,000 (23.9%) $574,105 (16.6%) 0.00 177
2022-05-01 $432,400 (5.5%) $601,859 (25.9%) 0.00 219
2022-06-01 $449,900 (17.6%) $599,590 (16.3%) 0.00 276
2022-07-01 $446,700 (20.9%) $588,737 (18.3%) 0.00 319
2022-08-01 $457,400 (19.6%) $606,590 (20.1%) 0.00 344
2022-09-01 $467,425 (20.8%) $637,291 (24.7%) 0.00 346
2022-10-01 $399,900 (5.4%) $593,989 (7.6%) 0.00 421
2022-11-01 $399,900 (2.7%) $567,578 (-0.5%) 0.00 419
2022-12-01 $399,900 (6.7%) $570,546 (0.3%) 0.00 397
2023-01-01 $384,925 (2.7%) $569,514 (1.6%) 0.00 378
2023-02-01 $384,950 (-2.5%) $580,838 (1.7%) 0.00 351
2023-03-01 $389,675 (2.1%) $583,695 (0.1%) 0.00 349
2023-04-01 $479,900 (11.9%) $636,215 (10.8%) 0.00 328
2023-05-01 $479,900 (11.0%) $622,138 (3.4%) 0.00 351
2023-06-01 $479,450 (6.6%) $610,798 (1.9%) 0.00 384
2023-07-01 $474,900 (6.3%) $584,930 (-0.7%) 0.00 360
2023-08-01 $456,675 (-0.2%) $574,452 (-5.3%) 0.00 374
2023-09-01 $449,900 (-3.8%) $588,262 (-7.7%) 0.00 392
2023-10-01 $441,475 (10.4%) $566,677 (-4.6%) 0.00 413
2023-11-01 $399,900 (0.0%) $524,203 (-7.6%) 0.00 461
2023-12-01 $399,500 (-0.1%) $505,530 (-11.4%) 0.00 476
2024-01-01 $398,500 (3.5%) $507,002 (-11.0%) 0.00 424
2024-02-01 $409,925 (6.5%) $522,481 (-10.1%) 0.00 421
2024-03-01 $434,900 (11.6%) $539,739 (-7.5%) 0.00 397
2024-04-01 $446,650 (-6.9%) $572,564 (-10.0%) 0.00 398
2024-05-01 $444,425 (-7.4%) $591,292 (-5.0%) 0.00 430
Tullahoma's median listing price for 2024-05-01 was $444,425, a difference of $-35,475 (-7.4%) versus the prior year and $-2,225 versus the prior month.

Tullahoma's median listing price comes in at 0% of the national average.

Tullahoma's average listing price for 2024-05-01 was $591,292, a difference of $-30,846 (-5.0%) versus the prior year and $18,728 versus the prior month.

For the 2024-05-01 period, Tullahoma had 430 MLS listings, a difference of 32 listings (8%) versus the prior month and 79 listings (23%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Tullahoma (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 0 days 2,220 sqft
2018-02-01 0 days 2,289 sqft
2018-03-01 0 days 2,279 sqft
2018-04-01 0 days 2,297 sqft
2018-05-01 0 days 2,420 sqft
2018-06-01 0 days 2,421 sqft
2018-07-01 0 days 2,419 sqft
2018-08-01 0 days 2,308 sqft
2018-09-01 0 days 2,280 sqft
2018-10-01 0 days 2,242 sqft
2018-11-01 0 days 2,255 sqft
2018-12-01 0 days 2,149 sqft
2019-01-01 0 days 2,153 sqft
2019-02-01 0 days 2,176 sqft
2019-03-01 0 days 2,273 sqft
2019-04-01 0 days 2,364 sqft
2019-05-01 0 days 2,453 sqft
2019-06-01 0 days 2,400 sqft
2019-07-01 0 days 2,405 sqft
2019-08-01 0 days 2,345 sqft
2019-09-01 0 days 2,295 sqft
2019-10-01 0 days 2,262 sqft
2019-11-01 0 days 2,240 sqft
2019-12-01 0 days 2,109 sqft
2020-01-01 0 days 2,088 sqft
2020-02-01 0 days 2,061 sqft
2020-03-01 0 days 2,220 sqft
2020-04-01 0 days 2,200 sqft
2020-05-01 0 days 2,269 sqft
2020-06-01 0 days 2,285 sqft
2020-07-01 0 days 2,259 sqft
2020-08-01 0 days 2,226 sqft
2020-09-01 0 days 2,166 sqft
2020-10-01 0 days 2,181 sqft
2020-11-01 0 days 2,099 sqft
2020-12-01 0 days 1,988 sqft
2021-01-01 0 days 1,938 sqft
2021-02-01 0 days 1,920 sqft
2021-03-01 0 days 1,859 sqft
2021-04-01 0 days 1,888 sqft
2021-05-01 0 days 1,915 sqft
2021-06-01 0 days 1,987 sqft
2021-07-01 0 days 1,959 sqft
2021-08-01 0 days 2,057 sqft
2021-09-01 0 days 2,080 sqft
2021-10-01 0 days 2,180 sqft
2021-11-01 0 days 2,140 sqft
2021-12-01 0 days 2,069 sqft
2022-01-01 0 days 2,019 sqft
2022-02-01 0 days 2,030 sqft
2022-03-01 0 days 2,008 sqft
2022-04-01 0 days 2,040 sqft
2022-05-01 0 days 2,118 sqft
2022-06-01 0 days 2,223 sqft
2022-07-01 0 days 2,187 sqft
2022-08-01 0 days 2,090 sqft
2022-09-01 0 days 2,114 sqft
2022-10-01 0 days 2,010 sqft
2022-11-01 0 days 2,002 sqft
2022-12-01 0 days 1,968 sqft
2023-01-01 0 days 1,972 sqft
2023-02-01 0 days 1,928 sqft
2023-03-01 0 days 1,947 sqft
2023-04-01 0 days 2,121 sqft
2023-05-01 0 days 2,174 sqft
2023-06-01 0 days 2,200 sqft
2023-07-01 0 days 2,214 sqft
2023-08-01 0 days 2,159 sqft
2023-09-01 0 days 2,159 sqft
2023-10-01 0 days 2,091 sqft
2023-11-01 0 days 1,925 sqft
2023-12-01 0 days 1,917 sqft
2024-01-01 0 days 1,953 sqft
2024-02-01 0 days 1,967 sqft
2024-03-01 0 days 2,044 sqft
2024-04-01 0 days 2,102 sqft
2024-05-01 0 days 2,068 sqft
Tullahoma's median listing age (time on market) for 2024-05-01 was 0 days.

Tullahoma's median square footage for active listings during the 2024-05-01 period was 2,068 sqft. One year prior, the average listing was 2,174 sqft.